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Palantir Tech's $140 billion market cap is driven by Trump's victory and higher defense spending

Benzinga
Summary
Nutrition label

73% Informative

Palantir Technologies Inc ( NYSE : PLTR ) has witnessed a big surge in market value, adding over $23 billion since Donald Trump's victory in the 2024 Presidential election.

The company’s shares have nearly tripled over the past year , pushing its market capitalization to approximately $140 billion , surpassing principal defense contractor Lockheed Martin .

Analysts express concern over the company's high valuation, calling it a speculative but promising investment.

The average forward P/E ratio of Palantir Technologies's peers is 51.62 .

Other important metrics to look at include a company's profitability, balance sheet, performance relative to a benchmark index and valuation compared to peers.

For in-depth analysis tools and important financial data, check out Benzinga PRO .

VR Score

69

Informative language

69

Neutral language

41

Article tone

formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

12

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